There is a great debate within the inner-mortgage circles these days. Should we, as loan professionals, encourage clients to borrow as much money as possible? Or would consumers benefit more if we helped them to understand the advantages of 15-year amortization schedules and pre-paying principal? Let’s examine the pros and cons of both strategies. Leveraging [...]
There is a ton of talk right now about the coming burst of the housing bubble. People are convinced that all of a sudden we are going to see a dramatic drop in home prices. As a country as a whole we have never seen a year where home prices have gone down on a [...]
1. Avoid Department Store Offers for Instant Credit and Don’t Open Up New Lines of Credit “Would you like to save 10% today on your purchase today?”. We have all been asked that question when paying for our purchases. Every store under the sun would like to offer you their own credit card. This is [...]
The purchase price of a house is just the beginning of the costs of homeownership. There will be insurance bills, closing costs, moving expenses, furniture purchases and so on. Beware of carpal Tunnel syndrome in the hand closest to your wallet. Home Inspections are one of those home buying expenses you can avoid but probably [...]
Get free real estate charts for your blog, too.
